Egyptian cabinet approves draft bill to regulate fintech industry

Thursday 8 April 2021 | 10:36 CET | News
The Egyptian cabinet has approved the draft law to govern the fintech industry, reports Enterprise Press citing a cabinet statement. The law will regulate the use of financial technology to deliver non-banking financial services (NBFS), in a bid to promote financial inclusion and expand the number of beneficiaries. The bill authorises the Financial Regulatory Authority (FRA) to license and regulate NBFS businesses and fintech start-ups.

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Categories: Internet / Mobile & Wireless
Countries: Egypt
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